Cleveland County Family YMCA Inc

Analysis

Cleveland County Family YMCA Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cleveland County Family YMCA Inc reported income of $7.3m and spending of $5.9m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $7.3m (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cleveland County Family YMCA Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Eugene Civic Alliance ($7.2m), Southwestern Diabetic Foundation Inc ($7.3m) and Omaha Multi-Sport Complex ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $166k (2.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $17.4m against liabilities of $6.5m, net assets of $10.9m. It reported 472 employees.